Rapid urbanisation and economic growth will increase the demand for adequate housing in Indian cities. Mass housing projects can help cater to this need. However, building mass housing using conventional technology is slow, lacks quality and is detrimental for the environment. In contrast, more...

The last decade has brought about substantial mortgage innovation and increased refinancing. The objective of the paper is to understand the determinants and implications of mortgage choice in the context of general equilibrium model with incomplete markets. The equilibrium characterization...